ELKHART, Ind., Dec. 16, 2021 /PRNewswire/ -- THOR
Industries, Inc. (NYSE: THO) today announced that its Board of
Directors approved, at their December 16,
2021 meeting, the payment of a regular quarterly cash
dividend of $0.43 per share.
The regular cash dividend is payable on January 13, 2022, to shareholders of record at
the close of business on December 30,
2021.
About THOR Industries, Inc.
THOR Industries is
the sole owner of operating subsidiaries that, combined, represent
the world's largest manufacturer of recreational vehicles. For more
information on the Company and its products, please go to
www.thorindustries.com.
Forward-Looking Statements
This release includes
certain statements that are "forward-looking" statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are made based on management's
current expectations and beliefs regarding future and anticipated
developments and their effects upon THOR, and inherently involve
uncertainties and risks. These forward-looking statements are not a
guarantee of future performance. We cannot assure you that actual
results will not differ materially from our expectations. Factors
which could cause materially different results include, among
others: the extent and impact from the continuation of the COVID-19
pandemic, along with the responses to contain the spread of the
virus, or its variants, by various governmental entities or other
actors, which may have negative effects on retail customer demand,
our independent dealers, our supply chain, our labor force, our
production or other aspects of our business; the ability to ramp
production up or down quickly in response to rapid changes in
demand while also managing costs and market share; the effect of
raw material and commodity price fluctuations, and/or raw material,
commodity or chassis supply constraints; the dependence on a small
group of suppliers for certain components used in production; the
level and magnitude of warranty and recall claims incurred; the
ability of our suppliers to financially support any defects in
their products; legislative, regulatory and tax law and/or policy
developments including their potential impact on our dealers and
their retail customers or on our suppliers; the costs of compliance
with governmental regulation; public perception of and the costs
related to environmental, social and governance matters; legal and
compliance issues including those that may arise in conjunction
with recently completed transactions; lower consumer confidence and
the level of discretionary consumer spending; interest rate
fluctuations and their potential impact on the general economy and,
specifically, on our dealers and consumers; the impact of exchange
rate fluctuations; restrictive lending practices which could
negatively impact our independent dealers and/or retail consumers;
management changes; the success of new and existing products and
services; the ability to maintain strong brands and develop
innovative products that meet consumer demands; the ability to
efficiently utilize existing production facilities; changes in
consumer preferences; the risks associated with acquisitions,
including: the pace and successful closing of an acquisition, the
integration and financial impact thereof, the level of achievement
of anticipated operating synergies from acquisitions, the potential
for unknown or understated liabilities related to acquisitions, the
potential loss of existing customers of acquisitions and our
ability to retain key management personnel of acquired companies; a
shortage of necessary personnel for production and increasing labor
costs to attract production personnel in times of high demand; the
loss or reduction of sales to key dealers; disruption of the
delivery of units to dealers; increasing costs for freight and
transportation; asset impairment charges; competition; the impact
of potential losses under repurchase agreements; the potential
impact of the strength of the U.S. dollar on international demand
for products priced in U.S. dollars; general economic, market and
political conditions in the various countries in which our products
are produced and/or sold; the impact of changing emissions and
other related climate change regulations in the various
jurisdictions in which our products are produced, used and/or sold;
changes to our investment and capital allocation strategies or
other facets of our strategic plan; and changes in market liquidity
conditions, credit ratings and other factors that may impact our
access to future funding and the cost of debt.
These and other risks and uncertainties are discussed more fully
in our Quarterly Report on Form 10-Q for the quarter ended
October 31, 2021 and in Item 1A of
our Annual Report on Form 10-K for the year ended July 31, 2021.
We disclaim any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements contained in
this release or to reflect any change in our expectations after the
date hereof or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Contact
Mark Trinske,
Vice President of Investor Relations
mtrinske@thorindustries.com
(574) 970-7912
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SOURCE THOR Industries, Inc.